During the next fifty years, Americans will experience the largest multi-generational transfer of wealth in the history of the world.  The figures vary immensely ... some studies peg the upcoming transfer of wealth around $40 trillion, while others estimate that it may be as high as $140 trillion.  One issue is not debatable, though ... the stakes are extremely high and dangers lurk around every corner.

At Great Lakes Legacy Group, we believe that the most critical planning phase begins at or near retirement.  While many advisors "stay the course" and have a post-retirement plan similar in nature to your pre-retirement plan, we recognize that retirees have a different set of concerns and different goals.  To us, wealth preservation takes a front seat to wealth accumulation. 

While no one plans to fail, the failure to plan can have detrimental effects on the wealth that you have worked so hard to accumulate and on the legacy that you intend to leave for your family.  Social Security & Pension income planning, market risks & investment planning, health care costs, nursing home expenses & Medicaid Planning, Probate courts & attorney costs, income tax, inheritance tax & estate tax planning ... all are examples of various issues that can represent threats to your personal wealth.  Proper planning is crucial to reduce and/or eliminate as many of these threats as possible.

High net worth families have long benefited from the results of proper estate, financial, and legacy planning ... this still rings true today.  Unfortunately, families that do not have high net worths have generally been underserved.  At Great Lakes Legacy Group, we believe that the families with the least amount are also the least able to absorb devastating hits to their personal savings.  Proper estate, financial, and legacy planning can no longer be afforded only to the privileged few. 

At Great Lakes Legacy Group, our philosophy is simple ... plan for the worst, but hope for the best.  Our goal is to guide you through these complicated retirement issues.  Our hope is to reduce or eliminate the concerns that bother you most.  Our commitment is to help you arrive at decisions that make the most sense for your particular situation.  Our ongoing promise is to help ensure that your legacy is passed along as efficiently and cost-effective as possible in accordance with your wishes.         

The information contained herein is for general informational purposes only and is not intended to represent specific legal, tax, or investment advice.  Please see the website's Disclaimer section for more specific information relating to the content of this site and relating to Great Lakes Legacy Group, LLC.